PORTFOLIO
Targeting the Breakout Winners of the Robotics Revolution
Holdings
Portfolio Diversification
Figure AI, Inc.
(a)(b)(c)(d)(e)
Humanoid Robotics
LP Interest in NV FigureAI Series B QP Partners LLC has economic exposure to Figure AI, Inc. Series B Preferred Stock
237,442
$37,250,000
2025
25.59%
Dyna, Inc.
(a)(b)(c)
General Purpose Robotics
Direct ownership of Series A Preferred Stock
1,491,163
$37,249,997
2025
25.59%
Apptronik, Inc.
(a)(b)(c)(d)
Humanoid Robotics
LP Interest in AP 1125 Fund V, a series of Capital Factory, LP invested in Apptronik, Inc. Series A-1, A-2 and Seed 1 Preferred Stock
579,213
$19,503,143
2025
13.40%
Apptronik, Inc.
(a)(b)(c)
Humanoid Robotics
Direct ownership of Series Seed 1 Preferred Stock
513,046
$17,746,859
2025
12.19%
Dexmate, Inc.
(a)(b)(c)
General Purpose Robotics
Direct ownership of Series 1 Seed Preferred Stock
1,740,280
$9,999,997
2026
6.87%
Standard Bots
(a)(b)(c)
Industrial Automation
Direct ownership of Series C Preferred Stock
234,190
$6,999,985.94
2026
4.81%
Path Robotics, Inc.
(a)(b)(c)
Industrial Automation
Direct ownership of Series D-2 Preferred Stock
773,660
$5,999,996
2025
4.12%
REK, Inc.
(a)(b)(c)
Humanoid Robotics
Direct ownership of Series 1 Seed Preferred Stock
1,875,891
$2,500,000
2025
1.72%
GMI Computing Ltd.
(a)(b)(c)(d)(e)
Cloud Infrastructure
Direct ownership SAFE instrument convertible into Series B Preferred Stock at next financing round
1
$2,000,000
2025
1.37%
Cyan Robotics, Inc.
(a)(b)(c)(d)(e)
Logistics
RoboStrategy DDGR LLC invested in Cyan Robotics, Inc.SAFE
1
$1,500,000
2026
1.03%
Footnotes
(a) Non-income producing security.
(b) Level 3 securities fair valued using significant unoberservable inputs.
(c) Restricted investments as to resale.
(d) The Fund holds its investment through a special purpose vehicle ("SPV") that invested in the underlying portfolio company. For SPV positions held in equity securities, the number of shares presented represents the equivalent number of underlying portfolio company shares to which the Fund has economic exposure through the SPV. For SPV positions held in SAFEs or other instruments not yet converted into equity, no underlying share count is presented.
(e) Simple Agreement for Future Equity ("SAFE"). Upon a qualified equity financing, the SAFE will convert into preferred shares of the issuer in accordance with its terms.
Disclaimer
The portfolio information presented above is as of March 31, 2026 and reflects the Fund's holdings as of that date, including investments made after the close of the Fund's most recent semi-annual reporting period. Percentages of Net Assets are calculated based on the Fund's Net Assets Applicable to Common Shares of $145,554,571 as of March 31, 2026. The Fund intends to update this information on a monthly basis.
Fair values are determined in good faith in accordance with valuation procedures established by the Fund's Board of Directors and are inherently subjective. Fair value determinations involve significant unobservable inputs and reflect good faith judgments based on available information. Accordingly, there can be no assurance that the fair values reflected above would approximate the prices at which the Fund could sell these securities.